Currencies

A downtrend in the U.S. Dollar Index still dominates despite the recent rally and I expect this downtrend to gather momentum and lead to a mini crash that sees a price drop at least 10% over the coming months.

Venezuelans can no longer afford the most basic necessities. During the first quarter of 2018, consumer prices rose again, this time by 454%. Hyperinflation has made the bolivar essentially worthless. The country experienced 8,900% inflation in just 12 months.

The petroyuan has launched. Let's investigate its success or lack thereof, primarily the latter.

Today’s visualization comes to us from Nick Young, and it shows the 25 most notable cryptocurrencies on the market using data from March 5, 2018.

This looks like an excellent point to short the dollar, which is expected to drop and probably accelerate away to the downside. This should provide a boost for the Precious Metals sector which...will increasingly be seen as a safe haven.

A Wall Street consultancy is predicting a massive crash in the cryptocurrency market this year.

Bitcoin fell below 10,000 yesterday, just shy of its 50% Fibonacci retracement level of 9,947.6 and, should it break below 10,000 again, and holds at the 50% Fib level, we could see a dramatic and swift plunge in price.

The ‘shit’ may hit the fan later in 2018 as events turn ‘south’ and as new leadership arrives with new ideas. This is what I sense as I watch global events unfold. Another huge crisis is emerging and new decision-makers must soon deal with this coming major crisis.

Will the Phoenix currency be a Crypto$ or will it be gold backed trading in Yuan and Ruble? Will it be the Bitcoin mania going to $1million? We don’t know, of course, but what we do know is that:

Bitcoin is done, finished, and anyone thinking that they have gotten hold of a bargain here, unless they are an artful short-term trader, is going to get their head handed to them on a plate – and it will be the same all the way down, as it drops lower and lower. At the end of the day Bitcoin is just a worthless line of code that fools have been jockeying to buy and overpay for.